A beginner credit card is a great option if you are just starting out with credit. These cards can help you build your credit history and allow you to qualify later for better terms. You may even be eligible for rewards if you make good use. In this article, we'll examine some of the best beginner credit cards. You may also find our guide to first access visa card cards useful. Here are some of our most popular beginner credit card options.
Capital One Venture Rewards Credit Card
Capital One Venture Rewards credit cards are subject to strict requirements. You are not automatically exempt from the card if you file bankruptcy. If you have missed any of your loan payments, the default will be removed from credit reports. In this case, you may have until your credit score reaches the mid-700s to be eligible to apply.
Citi Premier
If you are a beginner and looking for a credit card that can reward your spending and provide travel rewards, the Citi Premier(r) Card may be the one for you. This card has a $95 annual fee. It rewards you spending in popular categories by giving you flexible ThankYou points. You can exchange your points for cash back or travel rewards. Additionally, the card allows you to earn upto 80,000 ThankYoupoints for every dollar that you spend. This can be used to purchase gift cards worth approximately $800
Oakstone Platinum Secured mastercard
This secure card has many benefits for beginning consumers. It offers low APRs and a high credit limit, as well as reporting your payment history to the three major credit bureaus. It is free of penalty rates and does not require an annual fee. It does not offer a reward program or signup bonus. A $200 security deposit is required, which is relatively low in comparison to other secured credit cards. You should also keep in mind that this card charges a foreign transaction fee of three percent.
First Access Visa Credit Card
You might be new to credit cards and wonder if the First Access Visa Credit Card would suit you. A credit card is great for those with bad credit as it can help raise your credit score. You can expect your monthly usage to be reported to all three main credit agencies. The high APR of this card for purchases means it is not the best option for those who aren't planning to make regular payments. MoneyGeek offers a standardized methodology that will give you a credit score.
Chase Sapphire Preferred card
If you're new to the miles and points hobby, the Chase Sapphire Preferred Card is your best tool. This card is affordable and offers all the same features as professional cardholders, but with a lower price. This card is loaded with rewards and cash back. And because it is a new card, you'll find a variety of ways to maximize your points. It will be amazing how quickly your rewards accumulate!